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Wednesday, January 21, 2009|
Back to the Future For Short-Term Bond Funds
The past year has been particularly hard on short-term bond funds, but are they staging a comeback? That's the question posed by Ian Salisbury in the Wednesday Fund Track column in the Wall Street Journal. The WSJ cites numbers from AMG Data Services, which sees short-term corporate bond fund assets rising back to $24 billion, after falling to $23.4 billion from a high of $37 billion.
Wells Fargo portfolio manager Tom Price, Lord Abbett fixed-income strategist Zane Brown and Brown's Short Duration Income Fund all gain some positive ink in the column.
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